Shares of KE Holdings Inc. (NYSE:BEKE - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $22.08, but opened at $21.01. KE shares last traded at $21.19, with a volume of 1,476,089 shares changing hands.
Analyst Ratings Changes
Several analysts recently commented on BEKE shares. Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and raised their price target for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.26.
Read Our Latest Stock Report on BEKE
KE Stock Down 1.2 %
The company's 50-day moving average price is $20.99 and its 200-day moving average price is $19.83. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.
KE Increases Dividend
The firm also recently disclosed a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a dividend of $0.36 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. KE's dividend payout ratio is currently 64.58%.
Institutional Investors Weigh In On KE
Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of KE in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of KE in the first quarter valued at approximately $34,000. Principal Securities Inc. grew its position in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of KE in the first quarter valued at approximately $79,000. Finally, Rakuten Securities Inc. grew its position in shares of KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after purchasing an additional 1,416 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
KE Company Profile
(
Get Free Report)
KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.
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